Overall, in Romania, 75 companies leased areas totaling 42,906 square meters of new spaces, of which 32,116 square meters in Bucharest, in the first quarter of 2023.
“During this year, the dealmaking process on the Bucharest office market started at a more moderate pace. However, this has gained significant momentum. The declining delivery of new buildings delayed leasing decision making and the high number of renegotiations also put off the signing of some contracts. In the coming quarters, the volume of office space leasing will rise in Bucharest,” states Nicolae Ciobanu, Managing Partner-Head of Advisory at Fortim Trusted Advisors.
The largest leased area outside Bucharest was in Timisoara, where Access Group leased 4,500 square meters in UBC 0 project.
(English version by Catalina Apostoiu)